日本 - 景況感

The Bank of Japan's Tankan index for big manufacturers' sentiment fell to a six-year low of 5 in the third quarter of 2019 from 7 in the prior period and compared to market expectations of 2. Sentiment deteriorated among enterprises producing: petroleum & coal products (-18 vs 12 in Q2); non-ferrous metals (-18 vs 0); general-purpose machinery (15 vs 23); production machinery (11 vs 17); motor vehicles (2 vs 5); shipbuilding & heavy machinery (0 vs 7); chemicals (5 vs 8); ceramics, stone & clay (14 vs 24); iron & steel (7 vs 10); food & beverages (7 vs 9); and textiles (9 vs 11). In contrast, sentiment rose among companies producing lumber & wood products (6 vs 0); business-oriented machinery (16 vs 8); and electrical machinery (5 vs 2). Meanwhile, big firms plan to raise their capital spending by 6.6 percent. Among non-manufacturing large firms, sentiment weakened to 21, but remained above forecasts of 20.

The Bank of Japan's Tankan index for big manufacturers' sentiment fell to a near three-year low of 7 in the second quarter of 2019 from 12 in the previous period, missing market consensus of 9. Sentiment softened among enterprises producing: chemicals (8 vs 12 in Q1); iron & steel (10 vs 12); food & beverages (9 vs 11); processed metals (-11 vs 8); production machinery (17 vs 31); business oriented machinery (8 vs 13); electrical machinery (2 vs 9); shipbuilding & heavy machinery (7 vs 11); and motor vehicles (5 vs 15). In contrast, sentiment rose among companies producing textiles (11 vs 3); lumber & wood products (-6 vs 0); pulp & paper (0 vs -11); petroleum & coal products (12 vs 6); and non-ferrous metals (0 vs -9). Meanwhile, big firms plan to raise their capital spending by 7.4 percent in the financial year to March 2020, against forecasts of an 8.9 percent increase. Among non-manufacturing large firms, sentiment improved to 23 from a two-year low of 21 in Q1.

The Bank of Japan's Tankan index for big manufacturers' sentiment fell to a two-year low of 12 in the first quarter 2019 from 19 in the previous three-month period and below market consensus of 14. Sentiment softened among enterprises producing: chemicals (12 vs 24 in Q4); petroleum & coal products (6 vs 25); processed metals (8 vs 18); production machinery (31 vs 40); general-purpose machinery (20 vs 47); electrical machinery (9 vs 21); food & beverages (11 vs 12); lumber & wood products (-6 vs 0); pulp & paper (-11 vs 4); and non-ferrous metals (-9 vs 12). In contrast, confidence rose for firms producing: iron & steel (12 vs 7); and motor vehicles (15 vs 14), while was unchanged for firms producing textiles (at 3) and business oriented machinery (at 13). Meanwhile, big firms plan to raise their capital spending by 1.2 percent in Q1, much softer than a 14.3 percent rise in Q4. Among non-manufacturing large firms, sentiment also declined to a two-year low of 21.